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Cannon Trading Futures Blog: Daily Support and Resistance Levels

Wednesday, March 26, 2008

Futures Trading levels and Economic reports for March 27th

 
*To be removed, please reply with remove daytrading in subject line
 
Dear Trader,
 
It may sound a bit funny...but we got used to such higher volume over the past few months, that a trading day of 1.6 million on the mini SP seems and felt as a "thin trading day"....
 
LEVELS:
 
Contract (March 2008)  SP500 (big & Mini) Nasdaq100 (big & Mini) Dow Jones (big & Mini) Mini Russell
Resistance 3 1359.83 1851.67 12560 711.33
Resistance 2 1354.67 1840.83 12523 707.67
Resistance 1 1344.33 1825.67 12450 703.33
Pivot 1339.17 1814.83 12413 699.67
Support 1 1328.83 1799.67 12340 695.33
Support 2 1323.67 1788.83 12303 691.67
Support 3 1313.33 1773.67 12230 687.33
         
Contract  April Gold March Euro May Crude Oil June Bonds 
Resistance 3 965.77 1.6134 112.69 120  6/32
Resistance 2 959.13 1.5960 109.53 119 27/32
Resistance 1 954.17 1.5868 107.76 119 11/32
Pivot 947.53 1.5694 104.60 119     
Support 1 942.57 1.5602 102.83 118 15/32
Support 2 935.93 1.5428 99.67 118  4/32
Support 3 930.97 1.5336 97.90 117 20/32
 
REPORTS (EST): Provided by www.tradethenews.com audio news and interactive research directly from the pits
 

Thursday, March 27, 2008


Economic
8:30am Final Q4 Annualized GDP (last 0.6%), Final Q4 Personal Consumption (last 1.9%), Final Q4 GDP Price Index (last 2.7%), Final Q4 Core PCE q/q (last 2.7%), Initial Jobless Claims (last 378K), Continuing Claims (last 2.865M)
10:00am Feb Help Wanted Index (last 21)
10:30am Natural Gas Inventories
12:00am Fed's TSLF Auction
1:00pm US Treasury's 5-Year Note Auction
Events
12:00am Fed's Stern speaks on US economic outlook, 12:00pm Fed's Pianalto speaks at University of Dayton forum, 12:20 Fed's Lockhart speaks on economic outlook in Tennessee. 8:30am MRO Analyst Meeting. Friedland Capital Global Technology Conference. Trades Ex-dividend: XRX $0.043, XTO $0.12, EIX $0.305, BXP $0.68.
Earnings
Before the Open: CHINA, CHTT, CAG, CONN, FRPT, FRED, IART, KBH, LEN, MKC, MOV, NOVN, SCHL, SOLF, TXI, UTIW, WCG, WMAR, WTSLA, WSM. After the Close: ACN, APOL, DM, FINL, GIII, GPN, HMX, LTON, MRGE, RHT, SCS, TIBX, PAY, VIMC, XRTX.
 
Note all time are EST. ANY AND ALL TIMES AND DATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. INFORMATION HAS BEEN TAKEN FROM SOURCES DEEMED TO BE RELIABLE, BUT NO ASSURANCES CAN BE MADE TO THE ACCURACY OF ANY OF THIS INFORMATION.
 
 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!

Sincerely,

Ilan Levy-Mayer, M.B.A

Vice President / commodity broker
Cannon Trading Co Inc. - home of online futures trading
http://www.cannontrading.com 
http://www.E-Futures.com 
ilan@cannontrading.com

Yahoo IM ilanlevy1970
310-859-9572
800-454-9572
Fax 310-859-0547
9301 Wilshire Blvd. Suite #515
Beverly Hills, Ca 90210

 
* Important Please Note: 
IMPORTANT PLEASE NOTE:  TRADING COMMODITY FUTURES AND OPTIONS INVOLVE SUBSTANTIAL RISK OF LOSS.  THE RECOMMENDATIONS CONTAINED IN THE LETTER IS OF OPINION AND DOES NOT GUARANTEE ANY PROFITS.  THERE IS NOT AN ACTUAL ACCOUNT TRADING THESE RECOMMENDATIONS.   THESE ARE RISKY MARKETS AND ONLY RISK CAPITAL SHOULD BE USED.  PAST PERFORMANCES ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
 

posted by Cannon Trading at 1:17 PM

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